The dYdX Foundation has announced that a community vote on whether the crypto project can upgrade the dYdX Chain to version 8.0 is now live.

Synthetix has announced that it will transition its perpetual markets on the Arbitrum network to a close-only mode.

The move is part of a strategic pivot by Synthetix to consolidate its operations and focus on Coinbase's Base network.

LDO and DYDX are among the top gainers in the past 24 hours as cryptocurrencies look to end the year on a high. This is amid expectations of a further bull market rally in 2025, buoyed by a pro-crypto Donald Trump administration.

The decision was finalized through a community vote, as dYdX proves once again the strength of its decentralized governance model.

The DeFi protocol also launched an in-house perpetuals trading app.

Synthetix exchange relaunches with multi-collateral perpetuals on the Base network. The reboot of Synthetix comes with a new website, relaunch of its exchange, and upcoming launch of Synthetix Leveraged Tokens.

The product is part of Synthetix's ongoing effort to revamp after a governance overhaul in October.

TL;DR Synthetix acquires TLX as part of its strategy to expand its product offerings and strengthen its DeFi ecosystem. Leveraged products in development: the protocol plans to relaunch TLX on the Base network after auditing and optimizing its infrastructure.

Decentralized finance (DeFi) protocol Synthetix has acquired the leveraged token platform TLX in a token-for-token deal. The post Synthetix Acquires TLX in Token-for-Token Deal appeared first on Cryptonews.

A significant whale transaction caught the crypto community's attention. A whale, using the wallet address “0x972,” made a massive swap, shifting from Uniswap (UNI) tokens to DYDX, the native token of the decentralized exchange (dYdX).

Synthetix said it plans to re-launch all TLX products on Base network after adding parameter improvements.

DYDX's price action over the next few days could be very interesting.

Blockchain projects thrive on innovation. The more developers push boundaries, the brighter a project's future becomes. This December, Santiment ranked the top ERC-20 tokens by development activity. From DeFi giants to Web3 pioneers, these tokens reflect where the blockchain world is headed. Let's take a closer look at who's making the most noise.

Kraken has announced upcoming listings for several tokens on December 11 and 12. The exchange will introduce FWOG (FWOG), GOAT (GOAT), and SPX (SPX) on December 11.

Kraken has announced upcoming listings for several tokens on December 11 and 12. The exchange will introduce FWOG (FWOG), GOAT (GOAT), and SPX (SPX) on December 11.

TL;DR dYdX price rises 24% after David Sacks is appointed as AI and crypto “Czar” at the White House. Trading volume increases by 270%, reaching $453 million, and its market capitalization rises to $1.5 billion. Craft Ventures' investment in dYdX and Sacks' appointment as “Czar” generate strong bullish sentiment, with net investment flows surpassing $2.

Today, Bitcoin's price experienced a significant drop from its $100K level, while the altcoin market remained strong. Among the standout performers, the price of dYdX soared over 35%, reaching the $2.5 resistance mark. Triggered by increasing demand and positive news, analysts are bullish that the dYdX price may soon surpass the $3.2 resistance level.

Following the appointment of David Sacks as AI and crypto czar, DYDX saw a 35% price rally, with daily trading volumes surging by 168%, amid links to Sack's venture capital investment firm.

DYDX, the native token of decentralized trading platform dYdX, has become the top-performing altcoin in the last 24 hours. According to CoinGecko, DYDX rallied to this peak after the price increased by 30%.

DYDX, the native token of the decentralized trading platform dYdX, recorded an impressive rally on Nov. 6 following reports of it being backed by Trump's newly appointed White House cryptocurrency advisor.

dYdX founder Antonio Juliano discusses his return as CEO and the evolution of dYdX and the broader DeFi landscape.

dYdX Unlimited has introduced new features designed to change how decentralized trading operates.

The crypto trading platform dYdX is set to unveil dYdX Unlimited this November, a game-changing upgrade expected to transform decentralized finance.

TL;DR dYdX launches Unlimited, an update that allows the instant creation of perpetual futures markets without the need for governance approvals. The new MegaVault feature provides immediate liquidity to new markets, allowing users to earn passive yields by depositing USDC.

dYdX Unlimited allows users to list and trade perpetual futures on any asset instantly without the need for governance approvals or third-party permissions.

Popular decentralized exchange (DEX) dYdX — currently offering perpetual trading options for over 35 popular cryptocurrencies — is set to unveil its most ambitious upgrade yet. Labeled ‘dYdX Unlimited,' the update will feature a number of comprehensive enhancements that promise to offer traders increased flexibility while simultaneously providing them with new passive income streams.

November started off very well, with many cryptocurrencies, including Bitcoin, forming new all-time highs. Amidst the chaos, however, some altcoins are getting sidelined and hold the potential to note gains.

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The CEO of the dYdX Foundation sees parallels between the internet of the 1990s and where Decentralized Finance (DeFi) is today.

The move is meant to allow the platform to shift back to its core vision as it faces a competitive market.

dYdX Trading, the company behind the decentralized exchange platform, recently announced it has let go of 35% of its workforce.

dYdX announces a strategic shift back to startup mode, aiming to reignite innovation and agility. The decision follows recent layoffs and a re-evaluation of the company's operational structure.

Charles d'Haussy CEO dYdX Foundation told CryptoNews he sees a convergence in centralized exchanges (CEXs) and decentralized exchanges (DEXs) and noted that only 5% of perpetuals are currently traded on-chain. The post dYdX Sees Convergence of CeFi and DeFi and Plans to Launch ‘dYdX Unlimited' appeared first on Cryptonews.

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TL;DR Synthetix has proposed acquiring Kwenta, an exchange derived from its ecosystem, to unify operations and enhance services. The acquisition values each KWENTA token at 17 SNX, with a token swap valued at $13.2 million. The integration would involve dissolving Kwenta's governance and merging it with SNX's Spartan Council.

Dydx, the decentralized finance platform, has announced a significant restructuring, with CEO Antonio Juliano revealing the difficult decision to lay off 35% of its core team as part of a strategic shift to align with the company's evolving goals.

dYdX's major layoffs and declining TVL highlight ongoing market pressures, with a mixed response from investors reflected in DYDX's fluctuating price.

In an interview with Cryptonews.com, Sunny Aggarwal, co-founder of Osmosis, shared his insights on the Cosmos ecosystem and more! The post Sunny Aggarwal on the Cosmos Ecosystem, Osmosis DEX, and Bitcoin-Based DeFi | Ep. 382 appeared first on Cryptonews.

DeFi protocol Synthetix is setting its sights on acquiring Kwenta, a derivatives exchange that emerged from Synthetix itself in 2020. The post Synthetix Eyes Acquisition of Former Spin-Off Kwenta to Bolster DeFi Derivatives appeared first on Cryptonews.

Antonio Juliano, the founder of decentralized derivatives exchange dYdX, has announced a 35% reduction in the company's core workforce. Interestingly, this news has not affected the price of dYdX.

Decentralized exchange platform dYdX has announced a 35% reduction in its workforce as it embarks on a strategic overhaul led by returning CEO Antonio Juliano. Juliano, who resumed leadership on October 10 after a six-month hiatus, cited a need for a leaner, more focused team to steer the company through mounting industry challenges.

dYdX has announced the departure of several team members, including members of the core team.

dYdX's layoff decision was a realisation that the company is different from the company dYdX must be. The post DeFi Exchange dYdX Follows Consensys in Layoff Spree, Cuts Workforce by 35% appeared first on Cryptonews.

The decentralized crypto exchange laid off more than a third of its workforce on the same day Ethereum development firm Consensys cut 162 employees.

The decentralized derivatives platform dYdX recently announced that it had laid off 35% of its workforce, including core team members. Despite the workforce reduction, the price of the platform's native token, dydx, rose by 5.56%, as traders reacted positively to the restructuring news.

DYDX, the firm that is developing an on-chain crypto derivatives exchange has let go of 35% of its core team. Chief executive officer Antonio Juliano announced on Tuesday that the decision was essential to align the company's structure with its evolving needs.

"The company we've built is different from the company dYdX must be," said the CEO.